PTTEP ready to partake in upcoming bidding for stakes in Bongkot, Erawan gas fields
PTT Exploration and Production (PTTEP) has said it will join the bidding for stakes in the Bongkot and Erawan gas fields when the Energy Ministry and the Mineral Fuels Department hold auctions soon, following a meeting about the matter on Monday.
In regard to the Bongkok gas field, the listed company will jointly bid for a larger stake with its current partner in the field, Total E&P Thailand SAS, chief executive officer Somporn Vongvuthipornchai said on Monday
As for the Erawan gas field, PTTEP is negotiating with the current operator, Chevron, for a share in the field, he said.
However, if it cannot conclude a deal with Chevron, the company will bid for an operational stake in the field on its own, the CEO said.
